Mexico is currently recovering from a long-lasting pandemic that heavily impacted its economy as well as its society. Informal workers, women and the youth were particularly hit, creating long-standing social and economic challenges.<\/p>\n
But on the 29th<\/sup> of July 2022, President Andr\u00e9s Manuel L\u00f3pez Obrador celebrated a 2 % growth of the Mexican GDP in 2022, stating that: \u201cThere was economic growth [\u2026] while in other countries it is being reported that it is decreasing. We are recovering, we are moving forward.<\/em>\u201d<\/p>\n This celebration is due to the fact that Mexico’s economy is currently expanding at the fastest pace in over a year, with a growth of 1.1 % in April compared to the previous month and a general rise for the second consecutive quarter. This suggests a final economic recovery from the pandemic.<\/p>\n Furthermore, the economic bond with the US seems to finally be broken, as previously it was perceived there was a \u201ccurse\u201d, meaning that if the neighbour of the north was doing poorly, Mexico was doing worse. This correlation is now no longer existent, as while the Mexican GDP grew by 1.1 %, the United States reported a drop of 0.9 percent in the same quarter. Even the inflation in Mexico, while still at 7.9 % in June 2022, is lower than in the US with 9.1 % and among the other OECD countries, Mexico has the lowest inflation rate.<\/p>\n All in all, analysts are positive that by the start of 2023 Mexico\u2019s Economy will finally reach its pre-pandemic level again and has a lot more room to grow with opportunities opening up for foreign investors.<\/p>\n Do you have further questions about current economic developments in Mexico? Do not hesitate to contact us!<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":" Mexico is currently recovering from a long-lasting pandemic that heavily impacted its economy as well as its society. Informal workers, women and the youth were particularly hit, creating long-standing social and economic challenges. But on the 29th of July 2022, President Andr\u00e9s Manuel L\u00f3pez Obrador celebrated a 2 % growth of the Mexican GDP in […]<\/p>\n","protected":false},"author":17,"featured_media":10028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[39],"tags":[],"class_list":["post-10020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en-2"],"yoast_head":"\n